OTHERS 99 SPEED MART RETAIL HOLDINGS BERHAD ("99 HOLDINGS" OR "COMPANY") - CLARIFICATION ON ARTICLES PUBLISHED IN THE DAILY NEWSPAPERS ON 2 SEPTEMBER 2025 REGARDING THE ESTABLISHMENT OF FIRST STORE IN FUZHOU, FUJIAN PROVINCE, PEOPLE'S REPUBLIC OF CHINA ("CHINA")
| 99 SPEED MART RETAIL HOLDINGS BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | 99 SPEED MART RETAIL HOLDINGS BERHAD ("99 HOLDINGS" OR "COMPANY")
- CLARIFICATION ON ARTICLES PUBLISHED IN THE DAILY NEWSPAPERS ON 2 SEPTEMBER 2025 REGARDING THE ESTABLISHMENT OF FIRST STORE IN FUZHOU, FUJIAN PROVINCE, PEOPLE'S REPUBLIC OF CHINA ("CHINA") |
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Reference is made to the following articles published in various daily newspapers:-
1. Sin Chew Daily Malaysia on 2 September 2025, titled “Fujian Province now also has the ‘Near 'n Save’ 99 Mini Mart enters China on 31 August”; and 2. Oriental Daily News Malaysia on 2 September 2025, titled “99 Speedmart opens outlet in China to tap into the 40 million population market in Fujian Province”.
The Company wishes to confirm that its first store has been established in Fuzhou, Fujian Province, China on 31 August 2025. The Company will also set up prototype outlets with plans to progressively expand within Fuzhou.
The establishment of the store is not expected to have a material impact on the group’s earnings or net assets for the financial year ending 31 December 2025.
This announcement is made on a voluntary basis and is dated 2 September 2025. |
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Announcement Info
| Company Name | 99 SPEED MART RETAIL HOLDINGS BERHAD |
| Stock Name | 99SMART |
| Date Announced | 02 Sep 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-02092025-00067 |